Colombia news

26 May 2016
Cencosud has called the first quarter of 2016 resilient, reporting revenue and same store sales growth across the region with the exception of Brazil. "Strong performance despite downturn in consumption" Supermarket sales were affected by currency devaluation in Argentina, Brazil and Colombia, falling 8.8% compared to Q1 2015. Improving store profitability remains a high priority and Cen...
20 May 2016
In the second of our two part series, we look at how leading retailers are targeting convenience and proximity growth in Latin America.  Following our focus last week on leading supermarket retailers, this week we focus on the evolution and expansion of value-focused proximity formats. Value and proximity - the best of both worlds? Tougher economic times have made shoppers across Latin Am...
12 May 2016
In the first of a two part series, we look at how leading retailers are targeting convenience and proximity growth in Latin America.  Next week we look at how those with specifically value-focused proximity formats - namely DIA, Walmart and Jerónimo Martins - are driving growth, while this week we look at how leading supermarket retailers - and OXXO - are targeting growth: Favourable growth dr...
12 May 2016
Grupo Éxito has opened its first cash and carry store, aimed at business customers, having taken learnings from the group's success with Assaí in Brazil.   Entry into new segment The launch of the 2,500 sq. m store in Bogotá, branded Surtimayorista, marks Éxito's entry into the cash and carry segment. It carries more than 3,500 lines including national, international, local and traditio...
26 April 2016
Casino's e-commerce business, Cnova, has reported a 6.6% fall in net sales for Q1 (at constant currency) to EUR742m. Focus is on largest markets Net sales were up 15.3% at Cdiscount France to EUR465m, but fell at Cnova Brazil to EUR274m. In March, Cnova completed the disposal of Cdiscount Vietnam to Big C Vietnam, and of Cdiscount Thailand to the Thai conglomerate TCC Group. Cnova's fo...
20 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...
15 April 2016
Carrefour and Casino both reported first quarter results this week. We look at their performance in Latin America. Casino: improvement in Latin America Food sales were up 8.3% on an organic basis. Growth at Grupo Éxito was still accelerating in the first quarter, powered mainly by Colombia where the economic environment is more positive than in Brazil. GPA reported net sales of BRL17...
14 April 2016
Groupe Casino has reported a fall of 11% in first quarter revenue, to EUR9.7bn, affected by exchange rate fluctuations in Latin American markets. Excluding the exchange rate effect, group sales were up 1.5%. Asia treated as discontinued Given that the Thai business has been divested and Vietnam is under negotiation, Casino has treated the Asia segment as a whole as discontinued. Consol...
13 April 2016
With Cencosud now having released trading performance for all of 2015, we share our outlook for the retailer. A year of solid progress for Cencosud The 2015 performance brought a lot of encouragement. At a group level, sales grew by a modest 2.6% to reach CLP10,991bn (USD15.9bn), but this figure alone understates the progress made in the year, with strong profits growth (operating income gr...
24 March 2016
Jerónimo Martins has updated on expansion plans and strategy for its Colombian discount format, ara. 2016 begins a new cycle Having built up three years' worth of experience in Colombia, ara has developed a solid structure, supply chain and a good local supplier base willing to grow with the retailer. The first operating region is fully up to speed and it has entered a second. The prior...